How Anyone Can Accumulate Wealth

Before you anchor yourself to the goal of becoming wealthy, you should have a clear definition of the term wealth. At the most basic, wealth means having an abundance of something; however, an abundance of "something," can be a truly relative concept. Financially speaking, if your concept of wealth is owning a large home and having more than one new car, you may need to carefully calculate how much income you will need to achieve that goal. For others, the notion of not having to work, regardless of income, is good enough to constitute wealth. In fact, a family receiving a passive income of $25,000 a year may consider themselves wealthy.  Read more about accumulating wealth...